Some of Larry’s fondest childhood memories was watching his dad rebuild classic cars. Purchasing and restoring classic cars is a popular and rewarding hobby. To make sure you get the most out of your classic car investment, you need to make sure that you are sufficiently protecting that investment with proper insurance.
If you are investing in classic cars, you will need more than your average auto insurance policy on your vehicle. Classic cars have a special value rating, so it is imperative that you speak with a representative at Chambers Bay Insurance Group. It is necessary for you and an insurance specialist to determine the agreed value of the car to be insured. This agreed upon value will help the insurance specialists customize an insurance policy that will sufficiently cover your vehicle.
Classic car insurance is necessary because cars which qualify as classics are often being restored, and therefore do not adhere to normal value systems. There is much time and money invested in these vehicles, and that time and money must be protected in a special car insurance policy.
Although qualifications vary slightly from state to state, in most cases, a car must be 15 years or older to qualify. There is also a difference between classic cars and antique cars. Understanding these differences will help you choose the best insurance policy for your vehicle and your investment.
If you would like to learn more about classic car insurance, please contact one of our friendly agents today at Chambers Bay Insurance Group